On July 17, State Street
- Excluding a non-cash tax adjustment of $0.25 a share, EPS for the quarter rose to $0.93.
- Servicing fees rose 12%, thanks to increased business from new and existing customers.
- The company expects revenue growth between 20% and 22% for fiscal 2007.
- State Street sports a Motley Fool CAPS rating of four stars. Fellow bankers Northern Trust
(NASDAQ:NTRS) and The Bank of New York Mellon Corp.(NYSE:BK) carry two- and three-star ratings, respectively.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Total Revenue |
$1,922 |
$1,651 |
16.4% |
|
Net Interest Income |
$385 |
$262 |
46.9% |
|
Net Profit |
$366 |
$227 |
61.2% |
|
EPS |
$1.07 |
$0.68 |
57.4% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Net Interest Margin |
1.6% |
1.20% |
0.44 |
|
Return on Average Equity |
19.2% |
14.0% |
5.20 |
Find out more about bank performance ratios.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Investments |
$83,293 |
$79,017 |
5.4% |
|
Loans |
$12,050 |
$8,690 |
38.7% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Deposits |
$73,036 |
$63,555 |
14.9% |
|
Total Liabilities |
$104,520 |
$96,067 |
8.8% |
Learn about bank assets and bank liabilities.
Related Foolishness:
- Fool on the Street: Time to Cross State Street?
- Bank of New York Never Sleeps
- Fifth Third Hopes to Turn the Corner
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